Toll Brothers (TOL) director reports 1,495 RSU grant in Form 4 filing

Rhea-AI Filing Summary

A director of Toll Brothers, Inc. (TOL) reported receiving 1,495 restricted stock units as of December 22, 2025. These units have an exercise price of $0, meaning they are granted as equity compensation rather than purchased.

The restricted stock units vest 100% on December 22, 2026, and settlement of the underlying common shares is scheduled for January 22, 2027. Following this transaction, the director holds 1,495 derivative securities directly, all tied to Toll Brothers common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SHAPIRO PAUL E

(Last) (First) (Middle)

1140 VIRGINIA DRIVE

(Street)

FORT WASHINGTON PA 19034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Toll Brothers, Inc. [ TOL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	12/22/2025		A		1,495		12/22/2026(1)	12/22/2026	Common Stock	1,495	$0	1,495	D

Explanation of Responses:

1. These restricted stock units vest 100% on December 22, 2026. Settlement of 100% of these shares will occur on January 22, 2027.

	/s/ Michael J. Grubb, attorney-in-fact	12/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction was reported at Toll Brothers (TOL) in this Form 4?

The Form 4 reports that a director of Toll Brothers, Inc. (TOL) received 1,495 restricted stock units relating to the company’s common stock.

How many restricted stock units did the Toll Brothers (TOL) director receive?

The director received 1,495 restricted stock units, each representing the right to receive one share of Toll Brothers common stock, subject to vesting.

When do the restricted stock units for the Toll Brothers (TOL) director vest?

The restricted stock units vest 100% on December 22, 2026, according to the disclosure.

When will the Toll Brothers (TOL) director’s restricted stock units settle into shares?

The filing states that 100% of the shares underlying these restricted stock units will be settled on January 22, 2027.

What is the exercise or purchase price of the Toll Brothers (TOL) restricted stock units?

The restricted stock units have an exercise price of $0, indicating they are granted as equity compensation rather than bought for cash.

Is the Toll Brothers (TOL) director’s ownership reported as direct or indirect?

The 1,495 derivative securities reported after the transaction are held under direct ownership by the reporting person.